The Soapbox

Beerman

Joined: 08/14/1998 Posts: 9560
Likes: 13100


George Will stumping for Biden


Throwing the GOP's historical economic record under the bus while doing so:

Trump apologists say that before covid-19, all was well. “All” means only economic metrics: An American is supposedly homo economicus, interested only in consumption, to the exclusion of civic culture. And never mind a pre-pandemic $1 trillion deficit — at full employment.

Such apologists insist that Democratic administrations jeopardize prosperity. So, these apologists are not merely projecting their one-dimensional selves onto their more well-rounded compatriots, they are ignoring 120 years of inconvenient data (as noted by Jeff Sommer in the New York Times): “Since 1900 the stock market has fared far better under Democratic presidents, with a 6.7 percent annualized return for the Dow Jones industrial average compared with just 3.5 percent under Republicans.”

Link: National Nightmare 2.0


Posted: 07/29/2020 at 3:22PM



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